News

No rate cuts before Christmas

The ASX200 finished up 0.4 per cent after falling 5.8 per cent over Friday and Monday, its worst two-day drop since the start of the COVID-19 pandemic.

University peak bodies say a proposed cap on international students is little more than a smokescreen for debate on immigration numbers, a committee was told.

Share rout heat on RBA

The Australian share market has suffered its worst day in more than four years as rising fears of a US recession sparked global panic selling.

Former defence minister Linda Reynolds must have known Brittany Higgins had been sexually assaulted when she met with her junior staffer, a defamation trial has been told.

Aid agencies and federal government departments are set to front a Senate committee hearing on Australia's support for Ukraine.

Australian market tipped for steep fall US recession rumblings to roil ASX

The ASX200 has dropped 2.1 per cent in its worst performance in 16 months, just two days after its biggest jump in 20 months.

A former PwC chief executive who was linked to the consulting firm's tax leak scandal will be dragged under the spotlight for the first time.

Mineral tax credits may land sooner

The ASX200 gained 0.3 per cent to close above 8,100 for the first time after Fed chairman Jay Powell talked up a September rate cut in the United States.

CPI not so bad to lift rates again

The ASX200 rose 1.8 per cent in its best single-day performance since late 2022, while the Aussie fell under 65 US cents for the first time in three months.

Rex flight sales cut in survival bid

The ASX200 finished down 0.5 per cent after slipping more than twice that in early trading, while Fortescue Metals fell to a 20-month low.

Labor faces inflation, rates test

The ASX200 briefly reclaimed the 8,000 level as traders wait for what one analyst calls the biggest data point of the year for Australia's market.

Immigration, housing, IR reshuffled

The Australian share market was 0.8 per cent higher at the bell following goldilocks US economic data and a rally across mining stocks.

The prime minister has joined forces with the leaders of Canada and New Zealand to call for an immediate ceasefire in Gaza.

Heat on ANZ top brass

Every sector of the Australian share market has lost ground as stock markets weaken worldwide on lacklustre earnings from US tech firms.

Green push ‘could make us poorer'

Australian shares have eased on weakness in property and energy as US big tech earnings underwhelmed and commodity prices fell.

The communications watchdog has warned 10 telcos for breaching new standards designed to help customers struggling to pay internet and phone bills.

Longo suspects ANZ broke law

The ASX200 has snapped a three-day losing streak led by tech stocks, while the Australian dollar closed lower for a seventh consecutive day.

US stocks have closed higher as investors bought shares in major tech firms after a three-session sell-off.

Woodside splurges in US on gas dream

The ASX200 dropped 0.5 per cent as US President Joe Biden stood down from his re-election bid and a new front opened in the Middle East conflict.

A recovery in home building is coming but will take time and is still expected to fall short of the 1.2 million national target.